Cement News tagged under: Khai Hung Company

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Khai Hung Co acquires Vietnam firm

06 September 2013, Published under Cement News

Khai Hung Company has acquired a 51 per cent stake, or 10.2 million shares, of Vinaconex Xuan Mai Concrete & Construction JSC (XMC) from Vietnam Construction and Import-Export Joint Stock Corporation (or Vinaconex). The price of the deal was not disclosed, the Vietnam Securities Depository said in a statement. Vinaconex earlier planned to sell the same amount of shares of XMC at a minimum price of VND15,012 each, part of its plan to divest from non-core businesses. XMC now has a regi...